STORY HIGHLIGHTS


Chinese, Indonesian oil firms to increase co-op

CNC
Added On November 10, 2017

China's state-run China National Petroleum Corporation signed a memorandum of understanding with its Indonesian counterpart Pertamina on Wednesday. 
 
The document is aimed at increasing cooperation between the two state energy firms.
 
Both firms said they looked forward to implementing the memorandum of understanding and strengthening ties to explore the international market.
 
As of this year, PetroChina is present in nine working areas in Indonesia, employing around 1,000 Indonesian workers on its operation sites.
 
Pertamina and PetroChina also have a joint operation of an Iraqi oilfield with other investors.